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DigitalGlobe's IPO Hits Tech Radar

04/21/08 - 12:44 PM EDT

Kevin Kelleher

New satellites cost money, and that's a key reason why DigitalGlobe is heading for an IPO now. The company is running through cash. It had $23 million on hand at the end of 2007, down from $103 million a year earlier.

But with lead underwriters like Morgan Stanley and Lehman Brothers and an income statement that shows revenue growing and operating profit growing even faster, DigitalGlobe is likely to see a successful launch into the public markets.

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